Methode Electronics (NYSE:MEI) posted its earnings results on Tuesday. The electronics maker reported $0.79 EPS for the quarter, beating the consensus estimate of $0.76 by $0.03, MarketWatch Earnings reports. Methode Electronics had a return on equity of 15.62% and a net margin of 12.05%. The firm had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.05 million. During the same period last year, the firm earned $0.62 EPS. The firm’s revenue was down 20.8% compared to the same quarter last year.
MEI opened at $28.92 on Friday. The firm has a market cap of $1.07 billion, a PE ratio of 9.30 and a beta of 1.30. The company has a quick ratio of 2.06, a current ratio of 3.93 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $31.51 and a 200-day simple moving average of $32.16. Methode Electronics has a fifty-two week low of $21.76 and a fifty-two week high of $41.70.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Thursday, July 16th. Methode Electronics’s dividend payout ratio is presently 14.10%.
About Methode Electronics
Methode Electronics, Inc designs, manufactures, and markets component and subsystem devices worldwide. The company operates through four segments: Automotive, Interface, Power Products, and Other. The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.
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